AEG Power Solutions Wins a Major Follow-up Contract with Activ Solar for Photovoltaic Power Plant Equipment
Second largest contract ever signed for solar equipment by AEG Power Solutions----- Follow-up contract confirms the outstanding partnership of both companies and the success of the Group's solar strategy----- While Western European markets are maturing, AEG Power Solutions strategy and footprint expanding in Asia, Africa, Eastern Europe and the USA proves to be successful
ZWANENBURG, The Netherlands--AEG Power Solutions, global leading manufacturer of power electronic systems and solutions for industrial power supplies and renewable energies, signed a major contract with Vienna based company Activ Solar. This deal covers photovoltaic utility scale equipment and services for a minimum of 170 MW until the end of 2013. It is an extension of the first agreement signed in the second half of 2010 covering the complete electrical systems for 14 PV power plants, each of approximately 20 MW.
As in the first contract, AEG Power Solutions will provide its turnkey solutions to equip new photovoltaic power plants in Eastern Europe. This includes solar inverter stations based on TKS-C containerized outdoor stations, including latest generation central inverters, transformers and medium voltage switchgear and the most comprehensive monitoring and supervision system (PV Guard) provided by AEG PS' subsidiary, skytron. AEG Power Solutions will deliver and commission the equipment on site.
"We won this follow-up contract because of the complete and premium solutions we have provided in the first phase. We built up a strong relationship with Activ Solar and met their expectations perfectly," explains Bob Roos, Vice-President Solar Strategic Business Units of the Group. "Other important reasons for winning the follow-up project are our local presence and our ability to fulfill local requirements."
230MW out of 290 MW of the first phase are already fully operational, producing energy efficiently in 11 photovoltaic power generation plants.
Two years ago AEG PS started developing solar business based on its power electronics knowledge and its recognized expertise in power control solutions for the polysilicon industry. Since then, the company has been implementing its strategy to develop a position in the renewable energies business and in the photovoltaic sector with a special focus on solutions for utility scale power plants with its large solar inverters and monitoring and supervising products from skytron.
"This follow-up contract confirms the success of our solar strategy which is based on an end-to-end product range with all key components for solar power plants, enabling customers to get a one-stop solution. Focusing on emerging countries is another very important part of our strategy," comments Horst. J. Kayser, Chief Executive Officer of AEG Power Solutions. "Eastern European countries and India have fueled our solar growth in 2011. The recent opening of our factory in South Africa, as well as this contract, demonstrates how we are strengthening our position in the renewable energy market and how our global footprint constitutes a major strength while Western European solar markets are maturing."
About 3W Power/AEG Power Solutions:
3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9) and the warrants are traded on NYSE Euronext, Amsterdam (ticker symbol: 3WPW).
AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial power requirements offering one of the most comprehensive product and service portfolios in the area of power conversion and power control. Two complementary operating business segments, Renewable Energy Solutions (RES) and Energy Efficiency Solutions (EES) serve customers worldwide. The RES product and service portfolio consists of systems and solutions for solar power plants, such as solar inverters, monitoring and control systems as well as power controllers for a wide range of industrial applications such as polysilicon, energy storage, sapphire, and glass. The EES product and service portfolio includes high-performance uninterruptable power supplies (UPSs), industrial chargers, DC systems and converters.
Thanks to its distinctive expertise, bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for smart grids.
AEG PS' global footprint includes 17 subsidiaries and competence centers around the world with 1,700 employees.
For more information go to: www.aegps.com